SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4118)2/1/1999 7:51:00 PM
From: Greg Burton  Read Replies (2) | Respond to of 5504
 
Zeev, I understand that HEC contemplates a two stage buildout for the pipeline because of choke points downstream in the existing line. The second phase is the more expensive but would raise the capacity to the multi-hundred thousand range. I confess I do not know the costs, but, of course, half come up front out of Ecopetrol's share when the tap is turned on. The first phase is merely to connect, but would accomodate 40k/bbs.

I understand Faulkner to mean that $4 represents total costs to lift and send to market. Please educate me about capex - it would not be the first time that you have done so.

But where is the announcement? Are there environmental difficulties blocking the permit? The announcement is long overdue without explanation and is causing me concern.

Greg



To: Zeev Hed who wrote (4118)2/8/1999 3:39:00 PM
From: Greg Burton  Read Replies (2) | Respond to of 5504
 
Zeev:

In response to your inquiry about how much a pipeline would cost, it has been reported to me that the Company estimates about $25M for the initial connection. Again, half comes from Ecopetrol's share.

Incidently, the delay in connecting Bolivar seems to be caused by footdragging by Ecopetrol. I certainly do not know what to make of that if Ecopete is really as intent on gaining revenue as has been reported recently.

Greg


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News